CRYPTOCURRENCY INVESTORS LOSE MAJOR TAX BREAK UNDER NEW U.S. TAX CODE | WHAT REALLY HAPPENED

CRYPTOCURRENCY INVESTORS LOSE MAJOR TAX BREAK UNDER NEW U.S. TAX CODE

The new U.S. tax code amends IRC Section 1031 (a)(1) regarding “like kind exchanges,” excluding all cryptocurrencies from a previous legal loophole and making all cryptocurrency trades a taxable event.

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